Trade Finance & Investment Limited Share Allotment Basis

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Trade Finance & Investments Limited
Trade Finance & Investments Limited

The Trade Finance & Investment Limited announced to Colombo Stock Exchange, that the Board of directors resolves to allot the basis of,

No of Shares Applied No of shares allotted
Upto 25,000 Ordinary Voting Shares 100%
More than 25,000 Ordinary Voting Shares 25,000 shares and 25% of the remaining shares applied for.

 

The remaining 9,800 shares are allotted to the largest Applicant of shares of

Capital Alliance Holding Limited 4,900 Shares
Associated Electrical Corporation Limited 4,900 Shares

 

Category No of Shares Subscribed No of Shares Allotted  
Retail Individual Investor 1,253,000 1,253,000 20.88%
Unit Trust Investor Nil Nil  
No Retail Investor 16,477,000 4,747,000 79.12%
  17,730,000 6,000,000  
No of times Oversubscribed 2.955    

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